Now keep in mind that I am onto my 5th glass of red, lovely Cab Sav from the Barossa Valley - cos its a South Australian theme this evening eh...
Now I am gonna tell you a little secret about markets, or market psychology or whatever you wanna call it. But it does have to stay between us ok?
When a stock is falling, your brain will rationalize that price action, in this case with apparent sound logic like "Gas market will go into oversupply because of this amazing company making, ball-breaking discovery" or "the insiders know something that hasn't been released, maybe it was all fart gas and the REAL flow rate is rubbish".
Now the trick is, if you believed int the WE 2 discovery before the price action turned turtle of course, to pretend the share price is a rising when it is falling. Then warm fuzzy thoughts such as "This is the biggest gas discovery in the North Perth Basin in over a decade" or "Strike Energy is on its way to becoming a billion dollar company on the back of this discovery" will enter the old grey matter.
...and you will buy.
now cos the price is falling instead rising, you will not only Buy, but Buy at much better risk/reward levels.
It really is that easy. Market psychology 101 just for for you completely free.
Anyway here is a snapshot of naughty Susquehanna starting the rot last Friday...
- Forums
- ASX - By Stock
- Petra Capital were buyers post flow rate announcment!
Now keep in mind that I am onto my 5th glass of red, lovely Cab...
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